Eighty-three percent of people ages 22 to 35 with student debt who haven't bought a house yet blame their educational loans.

Some 45 million people in the United States carry student debt. The average borrower owes more than $30,000, according to Student Loan Hero, a website for managing education debt. Almost a fifth owe more than $100,000, according to the National Association of Realtors.

People's monthly student loan payments can eat up a large slice of their income, threaten to push down their credit scores and make saving nearly impossible — all huge impediments, of course, to landing in a house.

Almost one-fifth of people with student debt who apply for a mortgage — like McKinley, are denied because of their "debt-to-income ratio," what a person owes versus how much they make, according to the National Association of Realtors.

And he's not alone, 85 percent of student loan borrowers say difficulty in saving has delayed their ability to buy a house, according to the National Association of Realtors.

"It's challenging with student loans to be able to put together $40,000," said Grant Simmons, vice president of search marketing for Homes.com.

Mike, a government worker in Yukon, Oklahoma, said banks offering loans would line up at his law school at the University of Toledo. (He asked to use his first name only because of his job with the government). He graduated in 2008, with more than $200,000 in debt, into the Great Recession.

He couldn't find a job and soon defaulted on his student loans, like 40 percent of borrowers are expected to do by 2023, according to the Brookings Institution.

He felt helpless.

"I just ignored it, there was no way — they were wanting $1,200 a month," Mike said.

His credit score sank into the low 500s, which is considered very poor by credit data company Experian.

"If I went into any bank in Oklahoma, they would just laugh at me," Mike said.

First time I heard that student loans were screwing up ratios for mortgage applications was the early 1990s.

ALL DEBT IS OF SATAN!

The industry has known about this forever and just gutted standards rather than attack the MBAification of higher education.

It's completely fucked now. Once a cheap guild-managed set of conventions moved things along, now universities have immense administrative staffs that do nothing but hire more of themselves and count cookies for their meetings to realize important efficiencies that mere academics could never identify.

Getting themselves into so much debt to begin with is just plain stupid.

Actually, they may just be spoiled. Since money has "just showed up" for their needs so far in life, they would like to think that money would just show up to pay these loans. Any serious look at cost/benefit would discourage anyone except those who brush facts aside because they really desire the 4 year extension of adolescence that college life provides.

In the olden days most if not all of education was free from the state.But the advent of teachers unions and eternal Tenures opened up the Libbie cash cow spicket along with unfunded government pensions draining the educational pot. Libbie policies are at the heart of the dumbing down of America.

What the hell is so special about student loans that bankrupsty laws don't apply?

The government made the mistake to guarantee, approve and backstop them.

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